Netflix’s $2 Billion Notes Offering

Wilson Sonsini Goodrich & Rosati advised Netflix in the offering

Netflix announced that it intends to offer, subject to market and other considerations, approximately $2 billion aggregate principal amount of U.S. dollar denominated and euro denominated senior unsecured notes in two series through an offering to qualified institutional buyers. The interest rate, redemption provisions, maturity date, and other terms of each series will be determined by negotiations between Netflix and the initial purchasers.

Netflix intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, capital expenditures, investments, working capital, and potential acquisitions and strategic transactions.

Wilson Sonsini Goodrich & Rosati advised Netflix with a team including partners John Fore (Picture), Erik Franks, and Eileen Marshall and associates Michael Rosati and Tim Shapiro.

Involved fees earner: John Fore – Wilson Sonsini Goodrich & Rosati; Erik Franks – Wilson Sonsini Goodrich & Rosati; Eileen Marshall – Wilson Sonsini Goodrich & Rosati; Michael Rosati – Wilson Sonsini Goodrich & Rosati; Timothy Shapiro – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Netflix;

Author: Ambrogio Visconti